Trustpilot announced the raise of $55 million in a series E equity investment round led by Sunley House Capital Management.
Trustpilot, a Copenhagen, Denmark-based company operating a ratings platform for ecommerce shops, announced that it has raised $55 million in a series E equity investment round.
The funding round was led by Advent International affiliate Sunley House Capital Management, with participation from Vitruvian Partners, Draper Esprit, Index Ventures, Northzone, and Seed Capital. The money will help strengthen Trustpilot's market position through investment in its sales and technology teams.
Mohammed Anjarwala from Sunley House Capital will join Trustpilot's board of directors.
Trustpilot, founded in 2007 by CEO Peter Mühlmann, built a reviews database with more than 58 million reviews of over 265,000 businesses in over 150 countries. Its users contribute about 1.2 million new reviews each month. Trustpilot currently employs about 700 people in its Copenhagen headquarters and across offices in London, New York, Denver, Vilnius, Berlin, and Melbourne.
Prior to this, the company raised more than $120M in equity funding as well as a $20M debt round secured from Sillicon Valley Bank in 2017.